Ecash (or e-cash), short for electroniccash, is an electronic payment. Some implementations of ecash aim to be secure and untraceable, but there are several problems with security using ecash. A popular ecash provider is PayPal. Look up Electronic in Wiktionary, the free dictionary Electronic can refer to many things: Objects related to electronics The band Electronic. ... Money is a marketable good or token that acts as a store of value, a medium of exchange and a unit of account. ... Paypal Logo PayPal is an Internet business which allows the transfer of money between email users, avoiding traditional paper methods such as checks/cheques and money orders. ...
Electronic money (or digital money) refers to cash and associated transactions implemented using electronic means. ...
External link
Flood Control on the Information Ocean: Living With Anonymity, Digital Cash, and Distributed Databases (http://www.law.miami.edu/~froomkin/articles/oceanno.htm) by Michael Froomkin
Ecash is designed to convert money into a digital form, a string of numbers which can be represented in different forms and transmitted over any medium from telephones and fax machines to television cables.
The Ecash transaction is partially anonymous with respect to the merchant since the process gives him some information about the client: to deliver the good (information good or hard good), the merchant Web server needs to know at least his mail, postal adress or IP adress.
Payments with Ecash are untraceable since on one hand client's identity is not known by the acquirer and on the other hand the acquirer cannot relate a deposit to an earlier withdrawal because of blinding.
Ecash is used over the Internet, email, or personal computer to other workstations in the form of secured payments of "cash" that is virtually untraceable to the user.
The user withdraws the ecash from the account onto her computer and spends it in the Internet without being traced or having personal information available to other parties that are involved in the process.
Ecash is not completely anonymous as with hard cash since there is always the computer and the network, which can be traced.
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